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Commercial Aviation

The worldwide demand for commercial airliners is booming. In 2015, Boeing and Airbus combined built a total of 1,397 aircraft. According to the Wall Street Journal, both companies are putting in automation on their production lines, from robots to exoskeletons for the workers, to increase their output. They intend to increase their unit volume production by about 33% each year until 2020 to reach a combined output of 1,800 planes per year (an average of 150 planes per month). They are each currently producing an average of 58 planes per month.

Boeing is the largest producer of commercial aircraft. By unit volume produced and delivered, they hold 44% of the market followed by Airbus at 36%. Other manufacturers include Bombardier and Embraer, who manufacture regional jets, UAC from Russia, and Comac from China. Comac’s regional jet is flying, but has not received FAA certification and their C919 narrow body is three years behind schedule.

Boeing and Airbus are both forecasting significant demand for their aircraft going out through 2034. The following are the forecasts by each company.

Although not precisely the same, the forecasts from each company are pretty close when you consider that they are 20-year projections. Needless to say, both companies see a good future for their aircraft.

By region, Boeing sees the largest potential for future sales in Asia Pacific/China, garnering 38% of the worldwide market, followed by Europe and North America.

The 2015 market for connectors in commercial aviation was $713 million. Not surprisingly, with Boeing and Bombardier, North America held 51% of the connector market share. Europe held 37% of the share with Airbus.

Some of the major connector companies selling into the commercial aviation market sector include: